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A claim arises when someone feels wronged or harmed and seeks compensation or remedy, usually after an incident like breach of contract, negligence, or rights violation. It involves proving the issue, identifying who’s responsible, and taking timely action within legal limits.
What else can I help you with?
Direct equity claim?
A direct equity claim arises through investment in common stocks, warrants and options.
What does it mean to provide evidence of a claim?
Whenever a claim arises be it in life or general insurance sector, it has to be substantiated by eye witness or material evidence to the satisfaction of the insurance company.
Claims made policy?
"Claims Made Policy" - The Insured is indemnified in case a claim arises during the policy period, no matter when a claim may arise, the Policy pays the insured for the Claim, provided the policy is active since its retroactive date(inception date).
When a bodily claim is closed does it stay closed?
When a bodily claim is closed, it generally means that the case has been resolved and no further action is expected. However, depending on the legal framework and circumstances, there may be provisions for reopening a claim if new evidence arises or if the initial resolution was deemed unjust. Therefore, while a closed claim typically remains so, exceptions can exist that allow for its reconsideration.
What is a domestic claim nickname?
A domestic claim nickname refers to a colloquial or informal term used within a specific country or region to describe a type of insurance claim or legal claim that arises from incidents occurring within that jurisdiction. These nicknames often reflect cultural nuances, common practices, or specific circumstances related to the claim. They serve to simplify communication and understanding among those involved, such as insurers, legal professionals, and claimants.
What does necessity arises mean?
Same as need arises.
Is it legal to have two insurance policies for the same contract but for the same beneficiary?
It is totally illegal to have two insurance policies against same contract and same beneficiary. This is a serious contravention of law and in case any claim arises, the insured's claim will be summarily rejected and will be liable for explanation for such misrepresentation of facts.
How would you solve the insurance situations?
When an insurance claim arises be it life or general insurance, you are to intimate the insurance co. earliest, get necessary claim forms and submit the same along with all requisite papers/documents. There should not be any clumsiness in your answer to any query and it should be clear and to the point. If the Insurance Co. requires additional papers, submit the same instantly for speedier settlement of the claim by the insurance co.
Is you never lie a paradox?
No, saying "I never lie" is not necessarily a paradox. It can simply be a statement or claim about one's own behavior, meant to express honesty or integrity. A paradox arises when a statement leads to contradictions or logical inconsistencies.
Arises from cranial and sacral nerves?
The Parasympathetic Division arises from cranial and sacral nerves.
What is the portion of the stem from which the leaf arises?
The portin of the stem where the leaf arises is called the node.
What is the nutrient for the embryo that arises from the ovum called?
The yolk sac arises from the ovum to nourish the embryo.
